The stability of downtown parking and traffic congestion

Arnott, Richard and İnci, Eren (2010) The stability of downtown parking and traffic congestion. Journal of Urban Economics, 68 (3). pp. 260-276. ISSN 0094-1190

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Official URL: http://dx.doi.org/10.1016/j.jue.2010.05.001


Consider a transport facility in steady state that is operating at maximum throughput. How does it respond to a once-and-for-all increase in demand? The trip price must increase to ration the increased demand, but how? These questions have been the subject of a debate in transport economic theory dating back to Walters’ classic paper (1961). The current wisdom is that the facility continues to operate at full capacity, with travel at reduced velocity and/or increased queuing serving to increase the trip price. This paper analyzes the transient dynamics and stability of steady states for a spatially uniform road network with on-street parking, and finds in this context that the increase in demand may cause operation at reduced throughput.

Item Type:Article
Uncontrolled Keywords:traffic congestion; on-street parking; steady states; stability; cruising for parking
Subjects:H Social Sciences > HB Economic Theory
ID Code:14299
Deposited By:Eren İnci
Deposited On:31 Aug 2010 15:16
Last Modified:25 Jul 2019 12:36

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